《大行報告》匯豐研究下調太古地產(01972.HK)目標價至26.8元 評級「買入」
匯豐研究發表報告,維持太古地產(01972.HK)「買入」評級,目標價由29.6元下調至26.8元,並將2022年至2023財年盈利預測下調4%至4.8%,主要是由於香港投資組合的租金假設較低,但被中國大陸投資物業的零售租金假設提高所部分抵銷。
匯豐研究指,太古地產去年下半年業績符合預期,下半年經常性基本溢利按年增長1.4%至34億元。另派第二次中期息每股0.64元,按年增4.9%,而且連續五年增加,是行內少數幾間提高股息的公司之一,反映了管理層對業務前景的信心。展望未來,考慮到香港寫字樓和內地零售租金組合預期增長,預計2021年至2023年經常性基本溢利年複合增長率6.6%。
對於太古地產計劃未來10年投資超過1,000億元發展新項目,該行認為將為投資者提供未來增長軌跡的良好能見度,並最終轉化為在未來幾年的較高盈利背景下提供中單位數的年度股息增長目標。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.